Goldman Sachs Forecasts Yen Appreciation to 150/USD on Repatriation Flows

Goldman Sachs projects the yen will strengthen to 150 per dollar within 12 months, citing rising capital repatriation to Japan. The forecast implies a notable shift in FX expectations, potentially driven by policy normalization or portfolio rebalancing. If realized, this would mark a significant appreciation from current levels, affecting global carry trades and Japanese asset flows.